The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an earlier tapering of Federal Reserve stimulus.
The greenback strengthened as far as $1.1742 to the single currency , extending a 0.6% pop from Friday, when a strong U.S. jobs report stoked bets that a reduction in asset purchases could start this year and higher interest rates could follow as soon as 2022.The dollar also hit an almost two-week high of 110.37 yen .
The dollar index is eyeing a close above 93, while the currency could head for $1.1704 per euro, Weston wrote, adding that it could climb further versus the yen too should U.S. yields continue to tick higher. Friday's non-farm payroll report showed jobs increased by 943,000 in July compared with the 870,000 forecast by economists in a Reuters poll. Numbers for May and June were also revised up.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
MTV At 40: A Retrospective Look At ViacomCBS’s Billion-Dollar JukeboxForty years ago today, MTV introduced the world to the concept of music television with the matter-of-fact opening line, 'Ladies and gentlemen, rock and roll.”
Weiterlesen »
Rapper Shock G Honored With Oakland Celebration, 2K Unhoused Being FedDigital Underground rapper Shock G is being honored with a special celebration in Oakland.
Weiterlesen »
Strong jobs report is not a game changer for Fed policy, Wells Fargo suggestsWells Fargo Securities' Michael Schumacher believes it's premature to assume July's strong numbers will push the Fed meaningfully closer to tapering.
Weiterlesen »
MTV At 40: A Retrospective Look At ViacomCBS’s Billion-Dollar JukeboxForty years ago today, MTV introduced the world to the concept of music television with the matter-of-fact opening line, 'Ladies and gentlemen, rock and roll.”
Weiterlesen »
Go Inside Million Dollar Listing New York Steve Gold's Priceless Penthouse - E! OnlineMillion Dollar Listing New York real estate broker Steve Gold recently put his SoHo loft on the market, but not before transforming the space into a “modern yet authentic and relaxed” space.
Weiterlesen »
'Increasingly alarmed.' Joe Manchin goes after the Fed on inflation'With the recession over and our strong economic recovery well underway, I am increasingly alarmed that the Fed continues to inject record amounts of stimulus into our economy,' Democratic Sen. Joe Manchin wrote in a letter to Fed Chairman Jerome Powell
Weiterlesen »